Although the CSR budget has been in line with the government’s norm, the unspent budget is concerning
| FY14 | FY15 | FY16 | FY17 | FY18E | |
|---|---|---|---|---|---|
| Average 3-year net profit of companies | ~INR 3,90,000 Cr | ~INR 4,20,000 Cr | ~INR 4,53,000 Cr | ~INR 4,80,000 Cr | ~INR 5,30,000 Cr |
| Total CSR budget as perecentage of profits | ~2.0% | ~2.2% | ~2.3% | ~2.2% | ~2.2% |
| Unspent budget as a percentage of total CSR funds raised | ~26% | ~28% | ~18% | ~15% | ~15% |
Sources: PRIME Database; Bain analysis; "A Comparative Study of CSR Practices in India Before and After 2013." Asian Journal of Management Research, 2017